Central Board Of Direct Taxes Committee

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I-T Goes After Rs 7.7 Trillion Tax Arrears

Senior tax officials were told to focus on cash collection from the arrears so that the target for FY23 was achieved and the overall revenue position improved. Illustration: Uttam Ghosh/Rediff.com......

I-T raids on Sena corporator reveal benami properties, hawala transactions

The Income Tax Department has found about three dozen properties, including some alleged benami ones, worth Rs 130 crore after it recently raided premises of a Shiv Sena Corporator and some......

Planned after Mumbai terror attack, Modi likely to launch NATGRID soon

Prime Minister Narendra Modi is soon expected to launch the National Intelligence Grid or NATGRID that aims to provide a "cutting-edge technology to enhance India's counter-terror capabilities",......

Sharad Kumar named interim CVC

Vigilance Commissioner Sharad Kumar has been named interim Central Vigilance Commissioner until a new incumbent is chosen by Prime Minister Narendra Modi-headed selection panel. CVC K V......

EC sets up special panel to curb cash distribution, with eye on TN

CEC Sunil Arora will meet former heads of Central Board of Direct Taxes and Central Board of Indirect Taxes and Customs on Friday to discuss ways to keep a check on black money disbursements in......

Tax dept invites public suggestions for I-T Act review

The Income Tax department on Monday invited public inputs for review of the six-decade old I-T Act with regard to simplification of language, litigation reduction, compliance reduction, and......

Direct taxes code to get a makeover

Faced with a lot of opposition from various quarters on the direct taxes code, the finance ministry is completely rewriting the original draft rather than just making changes in some sections. A......

Direct tax code: Govt to address worries

The government on Thursday said it will address concerns of corporate and other tax payers on issues like taxation on the salaried, long-term savings and minimum alternate tax before putting the......

Do you need to apply for PAN 2.0? Read here

Existing Permanent Account Number (PAN) card holders are not required to apply for a new one under the upgraded PAN 2.0 system that is primarily aimed at introducing a 'common identifier' for all......

Recommendations of the Direct Taxes Code panel

The proposed move to withdraw the DDT would help encourage investments by addressing multiple taxation of income and bringing down the effective tax rate on companies, which is among the highest in......

Lapses in tax recovery from PILCOM

The Public Accounts Committee has pulled up the Central Board of Direct Taxes for delay in tax recovery from PILCOM, which staged the cricket World Cup in 1996.In its report tabled in Parliament,......

I-T dept collects CWG works related documents

The Income Tax department has collected documents pertaining to tenders and award of contracts for its "two pronged" probe into the finances of the Commonwealth Games even as a high-level committee......

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